Common financial scams in the UAE you need to know

Do you want to know more about the Common financial scams in the UAE then you are at the right place? The UAE is one of the most extravagant cities in the world. It also provides for a fantastic tourist destination, with white sand beaches and clear blue oceans but, that doesn’t mean it is without problems. Although much of Dubai is strictly controlled, there is still a danger that you may be a victim of some Common Scams in Dubai

While expatriates in Dubai are rarely victims of serious crimes, they are frequently the victims of fraud. Scam artists, on the other hand, are only seeking for naive foreigners to scam. That’s why you should be extra cautious about Common scams in Dubai

Signal for Spotting a Scammer: 

Scammers in the UAE are always on the lookout for easy targets, and they use various methods to fool consumers. To deceive you, they employ clever or even emotional strategies.

Below we are giving some of the signals to recognize when you confront a scammer.

1. Unexpectedly, someone you don’t know calls you.
2. Claim themselves from a well-known company.
3. They’ll suggest their policies and procedure, such as visiting websites they’ve created or calling numbers they’ve provided.
4. Wants you to send money to them using unusual payment methods.
5. Urges you to pay in advance.
6. They will make you feel in a rush situation.

Types of Scamming: 

There are many types of scamming that you can fall for. Among them, some are Common Scams in Dubai. Some lists are given below:

• Bank Scam
• Online Scam
• Paypal Scams
• WhatsApp scams
• Won a prize Scam

Online Scamming:

There are many types of scamming that you can fall for easily. But the last year, after the pandemic hit, the online scamming rates were getting higher than ever. According to a survey, the UAE’s fast growth in e-commerce has exposed more than a million online customers to shopping scams.

Dubai is one of the countries where a large number of scam cases have been reported. According to consultancy DataReportal, the country had 9.73 million internet users in January 2020. 

Since the start of the pandemic, which sent thousands of users into lockdown and makes people rush to online marketplaces for everything from food shopping to money transfers, people’s internet usage has increased.

Way of scamming Online: 

Scammers use cutting-edge technology to create fake merchant websites that appear to be regular websites. For example, they might use sophisticated designs and layouts, perhaps stolen logos, a ‘.com. Au’ domain name.

They aim to sell clothing, jewellery, electronics, toy, cleaning products, and other household items. Scammers pay for ads on Facebook, Google, and other websites to lure you to visit their sites.

The biggest lie that people fall for is the payment method, Scammers will frequently encourage you to pay with a money order, pre-loaded money card, or wire transfer,

And there is another kind of Scam is that they open a fake page on social media. They only keep the business open for a short period, selling counterfeit apparel and jewellery. The stores vanish once a certain amount of sales have been made.

Precaution:

Here are some valuable tips if you know how to prevent getting scammed. Website Check:  If you’re on a website you’ve never used before, look up the company’s name. Look for client complaints on the site’s social media platforms.

Another thing you should do is read the “About Us” page on the website. Misspellings and phrases that don’t make sense are warning signs. 

1. Internet advertisements:  Pay special attention to websites you discover through social media adverts, which are typical to lure visitors in. Ads are often based on things you’ve been looking for on social media.

2. Products are hard to find: Sites that fraudulently say to have things in stock sold out practically anywhere else are another method for customers to be scammed.

3. Deceived by low price: Scammers lower prices on popular items knowing that customers would find them difficult to resist.

How do stay protected from Scammers?

As everything is happening online, you can keep in mind certain things before you do certain transactions on the website. 

• Only open files from recognized sources
• Even if they are luring you with a fully paid vacation, avoid clicking on links you get via email or text messages from unknown sources.
• If you don’t want to deal with the trouble of purchasing various pieces of software, you may use a single tool that has its antivirus platform.
• As an added layer of security, use multi-factor authentication wherever possible.
• Avoid using easy passwords.
• You don’t have to save credit card information on the website. 
• If you’re ordering online from a new site, look into the cash-on-delivery option.

Note:

• For your e-commerce account logins, use strong and unique passwords.
• It would be best if you do not share Mobile banking passwords and PINs with anyone.
• Never send unprotected financial information through email.

How to report a Scam: 

Wrapping up:

Cybercrime connected to online purchasing has significantly harmed youngsters in the UAE. They also make basic mistakes, including sharing their password with others. For more to know about common scams in Dubai please khaleejaffairs